Money and Work

As a senior editor for AARP Media, Carole Fleck covers personal finance, the economy, older worker, retirement planning and other news affecting people 50-plus.

Unemployment for Older Workers a Little Bit Better

Employers added a higher-than-predicted 288,000 jobs to the economy in April and older workers seemed to benefit a little from that momentum, the government said Friday. Among men age 55 and older, the jobless rate in April declined slightly to 4.7 percent from 4.8 percent in March.  Older women saw a similar drop, to 4.6 percent from 4.7 percent the month before. For some perspective on the improving employment picture, consider that in April 2013, the jobless rate for older …

Three Generations, Three Different Retirements

So it seems that boomers and the Generation X that followed them believe a traditional retirement, the kind where you clock out of the job permanently at age 65 to travel, play golf, visit the grandkids or relocate to a sunnier destination, isn’t in their future. Yet Millennials, the oldest among them in their mid 30s, are much more hopeful. They predict they’ll retire at or before they reach their mid 60s, according to a survey released Wednesday by the nonprofit …

Low-Wage Jobs Replacing Middle-Income Jobs, Report Finds

First the good news: Millions of jobs that were lost during the Great Recession seem to be finally coming back. Now the bad news: Most of those newly created  jobs are low-paying ones in fast-food restaurants, retail stores and temporary administrative services -  industries that are less affected by an economic downturn, according to a new report by the National Employment Law Project, a research and advocacy organization. Today lower-wage industries employ 1.85 million more workers than at the start of the …

Do You Worry About Money? Join the Club

Whether you’re nearing the end of your working life or still several decades away, Americans all share the same financial fear: Will I have enough money to retire? More than two in three Americans ages 30 to 64 say their top financial worry is whether they’ll be able to save enough to live reasonably well in retirement, according to a Gallup poll released this week. Not being able to pay for medical costs was the top money fear for people …

Miss Those Paper Social Security Statements? They’re Back

For those of you who liked getting your estimated Social Security benefits statements by mail, you’re in luck. The Social Security Administration says it’s planning to send out paper statements once again, beginning in September. Not everyone will get one, however. Only workers who haven’t signed up to review their statements online will be getting the paper version - and those will be mailed out only every five years rather than annually, says SSA spokeswoman Dorothy Clark. Related: When Should You …

The New Older Workers: Women

The U.S. workforce has been turned on its (graying) head. New research finds that workers at or near retirement age are taking up a bigger share of the labor pool – a trend that’s driven mainly by women. And in this ever-evolving jobs landscape, older men and women are projected to be working more in the next decade. Using the latest Census Bureau data, the Washington-based Employee Benefit Research Institute looked at workers’ labor force participation rates over the last four …